TLDR:
- Birdnest, a proptech startup, secures pre-Series A funding led by Beltone Venture Capital and CI Venture Capital.
- The funding will be used for expanding the team, enhancing technologies, and marketing efforts to solidify Birdnest’s position in the market.
Birdnest, a pioneering proptech startup, has announced the successful closure of a significant pre-Series A funding round. The funding, led by Beltone Venture Capital and CI Venture Capital, signifies strong investor confidence in Birdnest’s vision and business model. The undisclosed investment is exchanged for a 20% stake in the company and will be used to expand the team, enhance proprietary technologies, and strengthen marketing initiatives. This strategic move aims to bolster Birdnest’s market presence in Egypt and key regional markets, including Athens, Dubai, and Riyadh. The goal is to partner with real estate developers, institutional investors, and independent property owners to become the leading short-term rental platform in the region.
Mostafa El-Nahawy, CO-CEO of Birdnest, expressed excitement about the partnership with Beltone Venture Capital, highlighting the strategic financial infrastructure it brings. Similarly, Ali Mokhtar, CEO of Beltone Venture Capital, expressed confidence in Birdnest’s operational performance and expansion plans. The funding round demonstrates Birdnest’s commitment to innovation and excellence in the proptech sector, setting the stage for its next phase of growth.
